Arrest made in SEC hack resulting in bitcoin price spike
- An Alabama man, Eric Council Jr., was arrested for his alleged involvement in the January 9 hack of the Securities and Exchange Commission's X account that spiked bitcoin prices by over $1,000.
- Council faces charges of conspiracy to commit aggravated identity theft and access device fraud in a U.S. District Court in Alabama.
- The hack involved a SIM swap attack, enabling Council to share access codes for a fake tweet from SEC chairman Gary Gensler.
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